416 GILL STREET
Orillia, Ontario
MLS® S13078240
$1,199,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S13078240
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- —
1 / 19Listing description
The Perfect Fourplex doesn't come around very often.... Until Today!! 416 Gill Street is a purpose built, all brick fourplex with four 2 Bedroom , 1 Bath apartments, all the same, approximately 860 sqft each.
The property is fully tenanted with four fantastic tenants. Property provides 8 parking spaces for your tenants. The updated apartments are in fantastic condition, three with newer kitchens.
All units have separately metered forced air gas furnaces, separate hydro meters and a large in unit storage closet. Sound proofing added between upper and lower apartments for peaceful living. New 25 Year Architectural Shingles in 2014 and all new windows in 2017/18.
On-site Coin Laundry for tenant convenience, two washers and two gas dryers, all owned. All units also have full size appliances. New back up generator installed in 2025 that powers part of the building including hot water.
Very large lot for your tenants to enjoy the yard, but could also be large enough to add additional dwelling units on property (check with City of Orillia Planning). There is lots of upside on tenant turnovers as well. A great addition to your multi-unit investment portfolio or perfect hassle free investment to get started on your Landlord journey.
Property summary
- MLS® number
- S13078240
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 74.8 x 197.4 FT
- Annual property taxes
- $7,785.00
- Parking
- 8 spaces · No Garage
- Days on market
- 136 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Apartment in basement, N/A
- Exterior features
- Brick
- Architectural style
- Raised bungalow
What would this home cost you?
Based on the $1,199,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Jazz INC., Oshawa.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.